ALGO

Algorand

№ 52
ALGO Price Now
$0.190271 USD
+6.14%
Deposit Trade
Date of Issue: 16.06.2019
Algorand (ALGO) is a decentralized blockchain network designed to provide speed, security.... More
24H Value
62.08 M
Market Cap(USD)
1.62 B
Circulating
8.54 B
Total Supply
10 B

(ALGO) Algorand Live Price Data

The live Algorand (ALGO) price is 0.190271, with a 24 hours Blynex trading volume of 62.08 M. The price of Algorand changed by 6.14% in the past 24 hours. With a circulating supply of 8.54 B ALGO and a maximum supply of 10 B ALGO coins. Algorand currently ranks #52 in market cap. You have the option to purchase Algorand (ALGO) on the Blynex exchange.

About Algorand (ALGO)

Algorand (ALGO) is a decentralized blockchain network designed to provide speed, security. Buying ALGO on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Algorand (ALGO).

 

What is Algorand (ALGO)?

Algorand is a decentralized blockchain network designed to provide speed, security, and scalability for a wide range of applications. It offers an efficient infrastructure for developers and businesses, making it ideal for financial services, decentralized applications, and enterprise solutions. By eliminating common blockchain bottlenecks, Algorand enables seamless transactions and real-world usability.

 

Algorand’s network and performance

Launched in June 2019, Algorand was processing nearly one million transactions per day by the end of 2020. Built for high throughput and low latency, the network ensures fast finality without compromising security. Its innovative architecture allows businesses and developers to build scalable blockchain solutions. The initial coin offering took place in June 2019, with ALGO priced at 0.24 per token.

 

Who founded Algorand

Algorand was founded by Silvio Micali, a professor at MIT and a world-renowned cryptographer. His contributions to cryptography and blockchain technology earned him the prestigious Turing Award in 2012. With Algorand, he aimed to solve major blockchain limitations, creating a system that ensures decentralization, efficiency, and security without the energy-intensive processes of traditional proof of work networks.

 

What makes Algorand unique

Algorand stands out for its permissionless pure proof of stake consensus, which eliminates the need for mining while maintaining decentralization and security. This design significantly reduces transaction costs and energy consumption, making it a more sustainable blockchain solution. Its ability to process transactions quickly and at scale positions it as a leading alternative to traditional financial systems.

 

The future of Algorand

As blockchain adoption continues to grow, Algorand is playing a key role in bridging the gap between traditional finance and decentralized solutions. Its technology is already being used for asset tokenization, payment processing, and decentralized finance applications. With ongoing development and growing adoption, Algorand is well-positioned to be a major player in the future of blockchain innovation.

ALGO to local currency

  • ALGO to USD
    0.1796901000  
  • ALGO to EUR
    0.1660601500  
  • ALGO to AUD
    0.2878631900  
  • ALGO to KRW
    264.506  
  • ALGO to JPY
    26.923  
  • ALGO to GBP
    0.139  
  • ALGO to INR
    15.360  
  • ALGO to CAD
    0.259  
  • ALGO to AED
    0.660  
  • ALGO to RUB
    15.051  

ALGO to crypto currency

  • ALGO to BTC
    0.0000021737  
  • ALGO to ETH
    0.0000984395  
  • ALGO to USDT
    0.1797493000  
  • ALGO to BNB
    0.0002967476  
  • ALGO to SOL
    0.0014431272  
  • ALGO to XRP
    0.0861997160  
  • ALGO to ADA
    0.2581693600  
  • ALGO to TRX
    0.7594077500  
  • ALGO to LTC
    0.0021632543  
  • ALGO to TON
    0.0435974580